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Originally Posted by jimbomaybe
There is a work around for that . From Investopedia
" A note for multiple account owners: The five-year clock starts with your first contribution to any Roth IRA—not necessarily the one from which you’re withdrawing funds. Once you satisfy the five-year requirement for one Roth IRA, you’ve fulfilled it for all of them.
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Internal Revenue Service. "Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs)," Pages 31-32.
Any subsequent Roth IRA is considered held for five years. Rollovers from one Roth IRA to another don't reset the five-year clock.
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This is a common mistake. There are two, 5 year rules. There is a huge difference between a ROTH rollover and a ROTH conversion. Your statement is correct for ROTH IRA’s you rollover. However, EACH conversion IRA to a ROTH IRA starts a new 5 year clock.
I’m 65 and Just Did a Roth IRA Conversion to Avoid RMDs. Does the 5-Year Rule Apply to Me?